Congressman Alexandria Ocasio-Cortez scoffed at Wall Street on Wednesday for wanting to crack down on a Reddit message board that helped GameStop’s stock rise.
“I have to admit it is really something to see Wall Streeters with a long history of treating our economy like a casino complaining about a billboard that also treats the market like a casino,” said the Bronx Democrat tweeted.
She added in another tweet: “Anyway, tax the rich.”
Ocasio-Cortez alluded to Reddit’s notorious “WallStreetBets” forum, which went private briefly on Wednesday after the group’s Discord channel was banned because of “hate speech”. The subreddit was made public again shortly after.
“AOC protected us,” read a forum post, along with a screenshot of Ocasio-Cortez’s Twitter thread.
GameStop and AMC Entertainment received gains of 134% and 301% in one day with the help of Reddit’s message board, which left Wall Street’s institutional hedge funds in a frenzy.